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Question 6 of 30. Justin received a complete liquidating distribution. He received cash of $8,000 and property with a FMV of $10,000 and the partnership's
Question 6 of 30. Justin received a complete liquidating distribution. He received cash of $8,000 and property with a FMV of $10,000 and the partnership's adjusted basis of $7,000. Justin's outside basis in the partnership just before the distribution was $17,000. What is his adjusted basis in the property? O $0 $7,000 $9,000 O $10,000 Mark for follow up Realize Your Potential: H&R Block Page 1 of 1 Brainly.com Question 6 of 30. Justin received a complete liquidating distribution. He received cash of $8,000 and property with a FMV of $10,000 and the partnership's adjusted basis of $7,000. Justin's outside basis in the partnership just before the distribution was $17,000. What is his adjusted basis in the property? O $0 $7,000 $9,000 O $10,000 Mark for follow up
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